New owner for BAF FBO

Terms of the acquisition were for an undisclosed sum of cash. AirFlyte founder Gary Potts will remain as President of AirFlyte.

“An important factor in our decision to make this acquisition was the agreement of Gary to stay on as President of AirFlyte, thus assuring a seamless continuity of business,” said Richard A. Cawley, President and CEO of RECAS. “By joining Rectrix, AirFlyte now has access to resources that will allow it to expand the quality services for which the company is known. A number of satellite operations are already in the planning stages, and will be implemented once the appropriate authorizations are received.”